McLoud, OK Economy


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McLoud, OK is a small town with relatively low costs of living. The average 2 bedroom rent in McLoud is $930, which is much lower than the national average of $1,430. The Grocery Cost Index in McLoud is 95 compared to 100 nationally. These figures indicate that McLoud provides a cost effective lifestyle for its residents. There are many local businesses in the area such as Hoot's Pizza, Mazzio's Italian Eatery, and McDonald's Family Restaurant that provide quality services at competitive prices. These companies compare favorably against their larger counterparts in the nation such as Papa John's Pizza, Olive Garden Italian Restaurant, and McDonalds Restaurants respectively.

McLoud has an unemployment rate of 4.2%. The US average is 6.0%.

McLoud has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.

Tax Rates for McLoud
- The Sales Tax Rate for McLoud is 10.0%. The US average is 7.3%.
- The Income Tax Rate for McLoud is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for McLoud
- The average income of a McLoud resident is $15,213 a year. The US average is $28,555 a year.
- The Median household income of a McLoud resident is $64,063 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMcLoud, OklahomaUnited States
  4.26
  -2.5%-6.2%
  27.6%33.5%
  10.0%6.2%
  5.0%4.6%
  $20,951$37,638
  $64,063$69,021
  $77,745$85,028
  Population by Occupation
  0.5%1.2%
  2.1%0.5%
  6.5%6.8%
  15.7%10.0%
  1.3%2.5%
  9.5%11.0%
  5.0%4.8%
  1.2%0.8%
  3.5%1.9%
  4.5%4.7%
  0.0%1.9%
  1.3%7.6%
  0.0%0.1%
  1.8%4.2%
  4.5%9.3%
  15.7%14.0%
  5.4%2.1%
  2.0%7.0%
  3.2%4.8%
  16.5%4.7%
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